It was the Occupy movement world wide that first coined the phrase "the one per cent" to denote the very small number of exceptionally powerful people who make far too many of the decisions about how our world runs.

As the debate continues about about whether and how credit unions and other community-based financial bodies can challenge big banking and immoral, high-interest charging pay-day lenders, the Just Festival in Edinburgh will be looking at moral and sustainable commerce.

Dick Olver, head of the multinational arms company BAE Systems, will focus on ethics when delivering the Mountbatten Memorial Lecture next week. The news has been met with a mixture of derision and outrage.

Two organisations with strong church support who have been working to call business and financial institutions to the bar of social responsibility have joined forces, and will redouble their efforts in promoting ethical investment.